Effects Of Smoking On Health Insurance Premium


The visibility percentage of the omnipresent warning on all cigarette boxes — “Smoking is injurious to health” — has been increased from 40% to 85% in India, with effect from April 1, 2015. This stringent measure by the government is indicative of the rise in the percentage of major diseases due to smoking. Apart from being the root-cause of 30% of all cancer deaths, smoking has other serious perils — causative factor of 80% of Chronic Obstructive Pulmonary Disease (COPD), 16-times higher risk of heart-attack, impotency or reduced fertility in men and decreased chances of conception, or eventual miscarriage among women. These are only a few of the many ailments triggered and enhanced by smoking.
If you think smoking only severely affects your health, well, the shocker is, it affects your pocket even worse! The material damage caused by smoking is to make you pay higher premiums for your health insurance. The rate of premium for smokers is 56% more than the non-smokers! Non-smokers even receive discounts or incentives from health insurance companies as against smokers who have to pay higher premiums due to raised health risks and shorter life expectancy.

Read more of this post

Food For Thought

wealthymattersSince 2000, over 61,000 high net worth individuals – all dollar millionaires – have relocated outside India. The millionaires who left India vastly outnumber the number of people declaring incomes above Rs 1 crore annually – just about 43,000.

Online Personal Loan


Personal loans have been around forever. And in most cases, a loan against collateral is preferable, as it works out cheaper over the long term. But, in cases where you just don’t have the assets to mark a lien upon or are not inclined to offer them as collateral or haven’t the time or complete freedom to mark a lien upon them or find it socially or business-wise unacceptable to be perceived to be in trouble by openly pledging your assets, a personal loan is an option, as long as you have a documented work history and access to a few pay slips. Personal loans often work out cheaper than credit card loans. Read more of this post

Dodging A Haircut

wealthymattersThere are always going to be ants and grasshoppers. Unfortunately, after the grasshoppers have partied a country to the brink,on the day of reckoning, the ants will pay the price, for the grasshoppers have nothing to pay with. Savers pay when governments keep interest rates artificially low, savers pay when inflation eats away at the value of their savings and savers pay when currencies are devalued. It is harder for prudent ants to influence governments and society because saving and investing, to progress in an orderly manner, over a period of time is so unsexy. It is far easier to fall for the glamourous visions of grasshoppers that involve great expenses today, often borrowed, to ensure a many great parties tomorrow, that will be no big deal to pay for, given greater earnings in future.

The only recourse left to ants is to disconnect from the dominant ideas of the day and continue doing what their good sense tells them to do. And one skill that they had better cultivate, is to side-step the force that governments of grasshoppers can legitimately bring to bear. Read more of this post

Going Bust For Growth – Dr Raghuram Rajan

wealthymattersHere is the full text of the speech made by Dr Raghuram Rajan. As usual his speech has caused a flutter and consternation in some quarters. Assurances have been extended to people to calm them and reassure them that Acche Din will happen and not be a pipe dream. Believe whatever you choose to, but do read the speech below to get an idea of the world economy ,the problems in other countries and the constraints politicians round the world face. Then decide what you need to protect yourself from the shit floating round and then get ahead.

There are few areas of robust growth around the world, with the IMF repeatedly reducing its growth forecasts in recent quarters. This period of slow growth is particularly dangerous because both industrial countries and emerging markets need high growth to quell rising domestic political tensions. Policies that attempt to divert growth from others rather than create new growth are more likely under these circumstances. Even as we create conditions for sustainable growth, we need new rules of the game, enforced impartially by multilateral organizations, to ensure countries adhere to international responsibilities. Read more of this post


Get every new post delivered to your Inbox.

Join 2,713 other followers

%d bloggers like this: